What should be done after the Death of a Loved One in NYC?
The death of a loved one is obviously very emotional and trying time for people. But there are some basic steps that a person can take, the family members can take to ease the administration of someone’s estate.
Among these are having mail forwarded (especially important when someone lived alone and may not know so much about their daily activities and assets). Monthly bank statements or stock statements may be coming in the mail they need to be forwarded to the responsible party. On the flip side, there could be debts coming in and it’s nice to know what those are in planning for the future when distributing assets of an estate.
Another thing that should be done upon receiving these bank statements and assets is to notify a bank of the death so that accounts are frozen and no funny things can happen. Occasionally attempts may be made to withdraw moneys after the death of the loved one.
This blog was provided by Irwin Weinstein, one of our experienced Brooklyn Estate Planning Attorneys.
Check out our Estate Planning Education Series for free!